Friday, August 02, 2013

Lakeview condos are back: Two bedroom condo sales up 45%, three or more up 16%

We've had several clients buying Lakeview condos andwe've sold some pretty cool listings this year as well. The competition is way up resulting in multiple offers in most of our transactions. We've also seen higher quality homes coming to market than over the past few years.

Lakeview condos on North Cambridge near the lake

Lakeview condo sales January 1st to August 1st, 2013

Three bedroom or more condo (3+) sales343 three bedroom or more (3+) units sold from January 1st to August 1st this year in the Lakeview Community Area. Sales are up 16% over same period 2012. The median price is a robust $510,000, about $30,000 higher than in 2012.

Two bedroom condo sales528 two bedroom condo units sold from January 1st to August 1st, up about 45% over same period 2012. The median price is about $328,000, up from the $302,000 last year.

A well located highrise near West Barry and the lakefront paths.

One bedroom condo sales
Lakeview is home to many lakefront high-rise buildings that house one bedroom condos. Smaller mid-rise and converted vintage buildings also feature one bedroom homes making Lakeview a good place to find lower priced, smaller apartments in great locations.

249 one bedroom condos sold with a median price of $166,000 this year. This is also way up 45% over the 171 units that sold same period 2012. Median price is also up about $20,000 over same period last year.

All sales statistics pulled from MREDLLC.com and analyzed by Eric Rojas, Real Estate Broker. Information is deemed reliable from the sources but not guaranteed.

Sold! North Center Land for Sale: Coonley School District $190,000

Real Estate Broker and Author of this Blog

I am a Chicago real estate broker who began writing this blog in 2005. My group represents clients buying, selling and renting properties. I've been awarded Top 5% in sales volume for Chicago Association of Realtors every year from 2006-2015. Thanks for reading and working with us!
All posts and photos are by Eric Rojas and Bob DePalma unless otherwise noted. Contact us at erojas@kalerealty.com for great service!